DEUTSCHE BANK AKTIENGESELLSCHAFT (DB) Company Report

Deutsche Bank reported a post-tax return on tangible equity of 10.3% in 2025, meeting its target, and achieved EUR 32 billion in revenue, a 7% increase year-on-year. The bank aims for a return on tangible equity of 13% by 2028 as part of its strategy to become a "European champion".
Non-interest expenses for 2025 were EUR 20.7 billion, a 10% decrease year-on-year, leading to 17% operating leverage and a pre-provision profit of EUR 11.4 billion. The cost-income ratio improved to 64% in 2025, with a target to reduce it below 60%.
The bank maintained strong capital and liquidity in Q4 2025, with a Liquidity Coverage Ratio of 144%, a Net Stable Funding Ratio of 119%, and a Common Equity Tier One (CET1) ratio of 14.2%.
For 2026, Deutsche Bank expects Net Interest Income to increase to around EUR 14 billion and plans a lower full-year issuance volume of EUR 10 billion-EUR 15 billion, down from EUR 18.7 billion in 2025. The bank is also optimizing its liability stack by no longer seeking the Moody's Advanced Loss Given Failure (LGF) notch for its Senior Non-Preferred rating.

4 days ago

Transcript

Deutsche Bank Achieves 2025 Targets, Outlines 2028 Goals, and Announces CFO Transition

Earnings

CFO Change

Guidance Update

Deutsche Bank reported a post-tax return on tangible equity of 10.3% in 2025, meeting its target, with revenues of approximately EUR 32 billion (a 7% year-on-year increase) and non-interest expenses of EUR 20.7 billion (a 10% year-on-year decrease).
The bank aims for a return on tangible equity greater than 13% by 2028 and a cost-income ratio below 60%. For 2026, Net Interest Income is expected to reach around EUR 14 billion , and credit loss provisions are projected to trend downwards to an average of 30 basis points through 2028.
At the end of Q4 2025, the Common Equity Tier One (CET1) ratio was 14.2%, the Liquidity Coverage Ratio (LCR) was 144%, and the Net Stable Funding Ratio (NSFR) was 119%.
Deutsche Bank plans to reduce its 2026 full-year issuance volume to EUR 10 billion-EUR 15 billion and will no longer seek the Moody's Advanced Loss Given Failure (LGF) notch for senior non-preferred ratings. Raja Akram will succeed James von Moltke as CFO.

4 days ago

Transcript

Deutsche Bank Reports Strong Q4 2025 Results, Updates Funding Strategy and 2026 Outlook

Earnings

Guidance Update

Debt Issuance

Deutsche Bank reported a post-tax return on tangible equity of 10.3% for 2025, meeting its target, and aims for greater than 13% by 2028.
Revenues reached approximately EUR 32 billion in 2025, a 7% increase year-on-year, while non-interest expenses decreased by 10% to EUR 20.7 billion.
The bank's Common Equity Tier One (CET1) ratio stood at 14.2% and the leverage ratio was 4.6% in Q4 2025.
For 2026, Deutsche Bank targets a full-year issuance volume of EUR 10 billion-EUR 15 billion, a reduction from EUR 18.7 billion in 2025, partly due to a decision to no longer seek the Moody's LGF notch for Senior Non-Preferred issuance.
The company expects Net Interest Income (NII) across key banking book segments to increase to around EUR 14 billion in 2026 and projects provision for credit losses to trend moderately downwards towards an average of around 30 basis points through 2028.

4 days ago

Transcript

Deutsche Bank reports record full-year and fourth-quarter 2025 profits, meets financial targets

Earnings

Dividends

Share Buyback

Deutsche Bank reported record full-year 2025 net profit of €7.1 billion, doubling year on year, and profit before tax of €9.7 billion, an 84% increase from 2024.
The bank met its 2025 financial targets, achieving a post-tax return on tangible equity (RoTE) of 10.3% and a cost/income ratio of 64%.
Net revenues for 2025 grew 7% to €32.1 billion, in line with its ambition.
For 2025, Deutsche Bank proposed €2.9 billion in capital distributions, including a dividend of €1.00 per share (€1.9 billion) and €1 billion in authorized share buybacks, bringing total distributions since 2022 to €8.5 billion.
The bank set 2028 targets of a post-tax RoTE greater than 13% and a cost/income ratio below 60%, and plans to increase its payout ratio to 60% from 2026.

5 days ago

6-K

Deutsche Bank Reports Strong Full-Year 2025 Results, Exceeding Targets and Announcing CFO Transition

Earnings

Guidance Update

Management Change

Deutsche Bank delivered on all 2025 targets, reporting EUR 32 billion in revenues, EUR 9.7 billion in pre-tax profit, a post-tax Return on Tangible Equity of 10.3%, and a cost-income ratio of 64%. The bank aims for a post-tax RoTE greater than 13% and a cost-income ratio below 60% by 2028.
The company announced EUR 2.9 billion in shareholder distributions for 2025, including a proposed EUR 1 dividend per share and an authorized EUR 1 billion share buyback, and plans to increase its payout ratio to 60% starting in 2026.
Deutsche Bank maintained a strong capital position with a CET1 ratio of 14.2% at the end of 2025 and provided a 2026 outlook expecting revenues of around EUR 33 billion and net interest income of approximately EUR 14 billion.
James von Moltke is transitioning from his role as CFO, with Raja Akram assuming the position.

6 days ago

Transcript

Deutsche Bank Exceeds 2025 Targets and Provides 2026 Guidance

Earnings

Guidance Update

Share Buyback

Deutsche Bank delivered on all 2025 targets, reporting revenues of EUR 32 billion and a pre-tax profit of EUR 9.7 billion, with a post-tax return on tangible equity of 10.3%.
The company plans shareholder distributions of EUR 2.9 billion for 2025, including a EUR 1 dividend per share and a EUR 1 billion share buyback, bringing cumulative distributions for 2021-2025 to EUR 8.5 billion.
For 2026, Deutsche Bank expects full-year revenues to increase to around EUR 33 billion and banking book net interest income to grow to EUR 14 billion, while non-interest expenses are projected to be slightly above EUR 21 billion due to incremental investments.
The bank aims to achieve a post-tax return on tangible equity greater than 13% by 2028 and a cost-income ratio below 60%, with the payout ratio increasing to 60% starting in 2026.
James von Moltke is transitioning out of the CFO role, with Raja Akram taking over.

6 days ago

Transcript

Deutsche Bank Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Guidance

Earnings

Guidance Update

Share Buyback

For fiscal year 2025, Deutsche Bank reported revenues of EUR 32 billion, pre-tax profit of EUR 9.7 billion, and net profit of EUR 7.1 billion, achieving a post-tax return on tangible equity of 10.3% and a cost-income ratio of 64%. Diluted earnings per share for the full year was 3.09 EUR.
The company proposed a dividend of EUR 1 per share and authorized a EUR 1 billion share buyback for 2025, bringing total distributions to EUR 2.9 billion, consistent with a 50% payout ratio. Cumulative distributions for 2021-2025 reached EUR 8.5 billion, exceeding the original target.
Deutsche Bank maintained a strong capital position with a Common Equity Tier 1 (CET1) ratio of 14.2% at year-end 2025, even after deducting proposed distributions. Credit loss provisions for the full year were EUR 1.7 billion, down 7% from 2024.
For 2026, the company expects full year revenues to increase to around EUR 33 billion, with banking book net interest income (NII) growing to around EUR 14 billion. Non-interest expenses are projected to be slightly above EUR 21 billion, and credit loss provisions are expected to trend moderately downwards.
James will be handing over the CFO role to Raja Akram.

6 days ago

Transcript

Deutsche Bank Reports Strong Q4 and Full-Year 2025 Results and Provides 2026 Guidance

Earnings

Guidance Update

Share Buyback

Deutsche Bank delivered on all 2025 targets, reporting full-year 2025 revenues of EUR 32 billion, a pre-tax profit of EUR 9.7 billion, a post-tax return on tangible equity of 10.3%, and a cost-income ratio of 64%.
The company announced significant shareholder distributions for 2025, including a proposed EUR 1 dividend per share and an authorized EUR 1 billion share buyback, totaling EUR 2.9 billion and representing a 50% payout ratio. Cumulative distributions for 2021-2025 reached EUR 8.5 billion, exceeding the original target.
For 2026, Deutsche Bank expects full-year revenues to increase to around EUR 33 billion and banking book Net Interest Income (NII) to grow to around EUR 14 billion. The payout ratio will increase to 60% starting this year, with strategic targets for 2028 including a post-tax return on tangible equity of greater than 13% and a cost-income ratio of below 60%.

6 days ago

Transcript

Deutsche Bank Reports Record 2025 Profits, Exceeds Shareholder Distribution Targets, and Provides 2026 Outlook

Earnings

Guidance Update

CFO Change

Deutsche Bank achieved record profits in 2025, with pre-tax profit of EUR 9.7 billion and net profit of EUR 7.1 billion, resulting in a post-tax return on tangible equity of 10.3%, meeting its target of above 10%.
The bank reported full-year 2025 revenues of EUR 32 billion, a 7% increase year-over-year, and achieved a cost-income ratio of 64%, in line with its target of below 65%.
Shareholder distributions for 2025 include a proposed EUR 1 dividend per share and an authorized EUR 1 billion share buyback, totaling EUR 2.9 billion, consistent with a 50% payout commitment. The bank also announced an increase in its payout ratio to 60% starting in 2026.
For 2026, Deutsche Bank expects full-year revenues to increase to around EUR 33 billion and banking book Net Interest Income (NII) to grow to around EUR 14 billion.
James von Moltke is stepping down as CFO, with Raja Akram taking over the role.

6 days ago

Transcript

Deutsche Bank Reports Strong Q4 and Full Year 2025 Results, Achieves All Targets, and Raises Shareholder Distributions

Earnings

Dividends

Share Buyback

Deutsche Bank achieved all its 2025 targets, reporting EUR 32 billion in revenues, a record EUR 9.7 billion in pre-tax profit, and a post-tax return on tangible equity of 10.3% for the full year 2025.
The company delivered EUR 3.09 diluted earnings per share for the full year 2025 and maintained a strong CET1 ratio of 14.2% at the end of Q4 2025.
Shareholder distributions for 2025 include a proposed EUR 1 dividend per share and an authorized EUR 1 billion share buyback, totaling EUR 2.9 billion, with the payout ratio increasing to 60% starting in 2026.
For 2026, Deutsche Bank expects full year revenues to increase to around EUR 33 billion and projects a moderate downward trend in provision for credit losses. The company also announced the transition of James von Moltke from CFO to Raja Akram.

6 days ago

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for DEUTSCHE BANK AKTIENGESELLSCHAFT.

Q4 2025

Jan 29, 2026

→

View All Transcripts

Ask Fintool AI Agent

Get instant answers from SEC filings, earnings calls & more

What are DEUTSCHE BANK AKTIENGESELLSCHAFT's strategic priorities?How is DEUTSCHE BANK AKTIENGESELLSCHAFT positioned vs competitors?How did DEUTSCHE BANK AKTIENGESELLSCHAFT do last quarter?